Is your Florida business growing? Perhaps you have outgrown your current space and are moving to a new one or you are upgrading your business equipment to keep up with innovations in technology to better serve your customer base.
Whether you are upgrading or downsizing your business, your commercial insurance policy needs to reflect any changes that you make to ensure that you have adequate coverage. In the event of a commercial insurance loss, you do not want to be caught with less coverage than you need.
Review the following four coverage areas to ensure that your commercial insurance policy offers the coverage that your business needs:
- Space – Have you upgraded, downgraded or changed your office space entirely? If so, you may want to review your Florida commercial insurance policy to ensure you that have adequate coverage after the updates.
- Technology – Have you overhauled your business technology to be more competitive and better serve your client base in 2015? If so, it is important to ensure that your policy limits cover the actual replacement costs of any new technologies or appliances in the event of a commercial loss.
- Policy Limits – Are your policy limits enough to cover your business and everything in it in the event of a loss? If you are not sure, your licensed public adjuster would be happy to review your policy with you and recommend any changes.
- Endorsements – Review your policy to ensure that you do not lose coverage due to endorsements, especially if you are changing your insurance policy during the current policy’s period, as opposed to starting a new policy at the end of the current policy’s term.
These are four areas that you may want to review in your commercial insurance policy. Whenever you make changes to your Florida business, it is important that your commercial insurance policy reflects those changes. If you are not sure if your commercial coverage covers your business in its entirety, contact your licensed public adjuster for assistance.
Advocate Claims has been a trusted name in the public adjusting community for over 10 years! With expertise in commercial insurance claims, our public adjusters can help you maximize your claim. Call 954-369-0573 today, to learn about the benefits of hiring a public adjuster to handle your insurance claim.